Sui Price Prediction: 21Shares ETF Update Fuels Renewed Optimism

The price of Sui (SUI) showed slight fluctuations, trading around $2.46 on the last 24 hours as trading volume decreased to $843 million. This change occurred alongside a significant update by 21Shares regarding its proposed SUI exchange-traded fund (ETF). The firm filed an amended S-1 application with the SEC for its spot Sui ETF, addressing key details in the process. 21Shares has collaborated with Coinbase Crypto Services to implement staking services as part of this updated filing. Additionally, the ETF listing is set for Nasdaq and Bank of New York Mellon will be responsible for managing cash reserves.